CADENCE DESIGN SYSTEMS, INC. (NASDAQ:CDNS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(d) |
On June28, 2017, the Board of Directors (the Board) of Cadence Design Systems, Inc. (the Company) elected Mary Agnes Wilderotter to serve as a director of the Company, effective July1, 2017. In addition, Ms.Wilderotter was designated to serve as a member of the Corporate Governance and Nominating Committee and Strategy Committee of the Board, effective July1, 2017. |
Ms.Wilderotters compensation will be consistent with the Companys
compensation of its other non-employee directors in effect from
time to time and as described in the Companys definitive proxy
statement filed with the Securities and Exchange Commission on
March23, 2017. Ms.Wilderotter was granted an incentive stock
award with a grant date fair value of $85,000 under the Companys
1995 Directors Stock Incentive Plan, which fully vests on
February21, 2018. Ms.Wilderotter received such grant in
connection with her initial election to the Board and for the
portion of 2017 during which Ms.Wilderotter will serve on the
Board. Ms.Wilderotter has also entered into the Companys standard
indemnification agreement.
Item9.01. Financial Statements and Exhibits.
(d) |
Exhibits. |
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| 99.01 |
Cadence Design Systems, Inc. Press Release dated June 28, 2017. |
CADENCE DESIGN SYSTEMS INC ExhibitEX-99.01 2 d413585dex9901.htm EX-99.01 EX-99.01 Exhibit 99.01 Cadence Elects Maggie Wilderotter to Board of Directors SAN JOSE,…To view the full exhibit click here About CADENCE DESIGN SYSTEMS, INC. (NASDAQ:CDNS)
Cadence Design Systems, Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Company’s SDE product offerings include electronic design automation (EDA), software, emulation and prototyping hardware, and two categories of intellectual property (IP): verification IP (VIP) and design IP. The Company provides maintenance for its software, emulation hardware and IP product offerings. The Company offers products and technologies for Functional Verification, including Emulation and Prototyping Hardware; Digital IC Design and Signoff; Custom IC Design; System Interconnect and Analysis, and IP. It offers products and services to electronics systems and semiconductor companies, Internet service providers and other technology companies that deliver a range of electronics products in market segments, such as mobile and consumer devices, communications and personal computers.
